Abstract: Bank of Kigali headquarters in Nyarugenge District served as a case study for this study, which examined the financial performance impact of internal audit. Any financial organization's internal audit department plays a key role in its financial success. It was the primary objective of this research to examine the impact of internal audit on the financial performance in Rwanda, specifically at the Bank of Kigali.. The researcher used a descriptive, correlational, and explanatory study methodology and asked 76 participants from various Bank of Kigali departments to complete a questionnaire. The study employed a universal sampling technique that does not include everyone in the population equally profitable in the sample. Primary and secondary data were both employed in this study to gather the information needed for it. The acquired data was analyzed using a descriptive and correlation study approach. Analyzing data necessitated using metrics like the mean, SD, and Pearson correlation. The data acquired through surveys was analyzed with the help of SPSS version 22.0. The correlation (r) between respondents' views on the impact of internal audit on financial performance was found to be equal to.78. In order to ensure that projects, programs, activities, and functions are efficient and effective, the researchers recommend that Bank of Kigali management make performance audit independent. They also recommend that the bank's financial audit be strengthened by encouraging internal auditors to improve audit procedures such as interviews, observation, and so on.
Keywords: Internal Audit and Financial performance.
Title: EFFECT OF INTERNAL AUDIT ON FINANCIAL PERFORMANCE OF COMMERCIAL BANKS IN RWANDA: A CASE OF BANK OF KIGALI (BK)
Author: NIYITEGEKA Martin, DR. KATO KASOZI MAHAZI
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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